Purple Innovation (PRPL) Stock Forecast, Price Target & Predictions


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PRPL Stock Forecast


Purple Innovation stock forecast is as follows: an average price target of $2.87 (represents a 173.33% upside from PRPL’s last price of $1.05) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.

PRPL Price Target


The average price target for Purple Innovation (PRPL) is $2.87 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $6.00 to $1.10. This represents a potential 173.33% upside from PRPL's last price of $1.05.

PRPL Analyst Ratings


Hold

According to 4 Wall Street analysts, Purple Innovation's rating consensus is 'Hold'. The analyst rating breakdown for PRPL stock is 0 'Strong Buy' (0.00%), 1 'Buy' (25.00%), 3 'Hold' (75.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Purple Innovation Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024Seth BashamWedbush$1.10$1.11-0.90%4.76%
Aug 06, 2024Jeremy HamblinCraig-Hallum$1.50$1.1926.06%42.86%
Aug 06, 2024Seth BashamWedbush$1.75$1.1848.31%66.67%
Mar 13, 2024Jeremy HamblinCraig-Hallum$2.00$1.6620.48%90.48%
Mar 02, 2022Matt KorandaRoth Capital$6.00$6.65-9.77%471.43%
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The latest Purple Innovation stock forecast, released on Sep 04, 2024 by Seth Basham from Wedbush, set a price target of $1.10, which represents a -0.90% decrease from the stock price at the time of the forecast ($1.11), and a 4.76% increase from PRPL last price ($1.05).

Purple Innovation Price Target by Period


1M3M12M
# Anlaysts134
Avg Price Target$1.10$1.45$1.59
Last Closing Price$1.05$1.05$1.05
Upside/Downside4.76%38.10%51.43%

In the current month, the average price target of Purple Innovation stock is $1.10, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 4.76% increase as opposed to Purple Innovation's last price of $1.05. This month's average price target is down -24.14% compared to last quarter, and down -30.82% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 04, 2024WedbushOutperformNeutralDowngrade
Aug 23, 2024KeyBancOverweightOverweightHold
Aug 06, 2024Craig-HallumHoldHoldHold
Aug 06, 2024WedbushOutperformOutperformHold
Mar 13, 2024WedbushOutperformOutperformHold
Mar 13, 2024Craig-HallumHoldHoldHold
Mar 13, 2024WedbushHoldHoldHold
Mar 13, 2024Craig-HallumUnderperformUnderperformHold
Mar 21, 2023UBSNeutralNeutralHold
Nov 10, 2022Craig-Hallum-BuyUpgrade
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Purple Innovation's last stock rating was published by Wedbush on Sep 04, 2024. The company Downgrade its PRPL rating from "Outperform" to "Neutral".

Purple Innovation Financial Forecast


Purple Innovation Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18
Revenue--------$145.94M$140.00M$120.87M$109.37M$145.12M$143.28M-$143.18M$186.43M$170.78M$182.59M$186.43M$173.89M$187.11M$165.10M$122.38M$124.30M$117.41M$103.00M$83.65M$70.81M$75.40M
Avg Forecast$142.29M$135.78M$127.28M$124.47M$132.03M$126.63M$126.45M$122.14M$145.57M$158.53M$130.36M$104.80M$143.48M$139.14M$155.79M$129.26M$178.88M$198.33M$181.67M$175.40M$196.22M$175.37M$175.88M$106.97M$119.02M$105.29M$94.90M$71.20M$2.83M$64.97M
High Forecast$145.93M$139.25M$130.53M$127.66M$135.41M$129.82M$129.68M$125.27M$148.58M$162.59M$133.70M$107.49M$147.15M$142.70M$155.79M$136.11M$188.36M$208.84M$191.30M$184.70M$206.62M$184.66M$185.20M$112.64M$125.33M$110.87M$99.93M$74.97M$3.40M$77.97M
Low Forecast$138.00M$131.68M$123.44M$120.72M$128.04M$123.77M$122.63M$118.46M$143.73M$153.75M$126.43M$101.64M$139.15M$134.94M$155.79M$125.05M$173.06M$191.87M$175.76M$169.69M$189.84M$169.66M$170.15M$103.49M$115.14M$101.86M$91.81M$68.88M$2.27M$51.98M
# Analysts444436347563222364691016910881181815
Surprise %--------1.00%0.88%0.93%1.04%1.01%1.03%-1.11%1.04%0.86%1.01%1.06%0.89%1.07%0.94%1.14%1.04%1.12%1.09%1.17%25.00%1.16%

Purple Innovation's average Quarter revenue forecast for Mar 24 based on 4 analysts is $122.14M, with a low forecast of $118.46M, and a high forecast of $125.27M. PRPL's average Quarter revenue forecast represents a -16.30% decrease compared to the company's last Quarter revenue of $145.94M (Dec 23).

Purple Innovation EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18
# Analysts444436347563222364691016910881181815
EBITDA--------$-16.20M$-19.46M$-37.28M$-15.03M$155.56M$5.99M-$-14.51M$-19.90M$2.50M$3.98M$27.59M$-7.83M$6.43M$-33.95M$11.72M$-558.00K$3.87M$815.00K$1.74M$743.00K$731.00K
Avg Forecast$5.29M$5.05M$4.73M$4.63M$4.91M$4.71M$4.70M$4.54M$5.41M$5.89M$4.84M$3.89M$5.33M$5.98M$5.79M$-13.73M$6.65M$5.43M$5.78M$21.68M$7.29M$5.63M$-78.79M$7.65M$4.42M$20.89M$1.03M$3.09M$105.25K$609.17K
High Forecast$5.42M$5.18M$4.85M$4.74M$5.03M$4.82M$4.82M$4.66M$5.52M$6.04M$4.97M$3.99M$5.47M$7.17M$5.79M$-10.99M$7.00M$6.52M$6.93M$26.02M$7.68M$6.75M$-63.03M$9.19M$4.66M$25.06M$1.24M$3.70M$126.30K$731.00K
Low Forecast$5.13M$4.89M$4.59M$4.49M$4.76M$4.60M$4.56M$4.40M$5.34M$5.71M$4.70M$3.78M$5.17M$4.78M$5.79M$-16.48M$6.43M$4.35M$4.62M$17.34M$7.05M$4.50M$-94.55M$6.12M$4.28M$16.71M$825.87K$2.47M$84.20K$487.33K
Surprise %---------2.99%-3.30%-7.69%-3.86%29.17%1.00%-1.06%-2.99%0.46%0.69%1.27%-1.07%1.14%0.43%1.53%-0.13%0.19%0.79%0.56%7.06%1.20%

3 analysts predict PRPL's average Quarter EBITDA for Mar 23 to be $3.89M, with a high of $3.99M and a low of $3.78M. This is -97.50% lower than Purple Innovation's previous annual EBITDA (Dec 22) of $155.56M.

Purple Innovation Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18
# Analysts444436347563222364691016910881181815
Net Income--------$-18.33M$-36.00M$-37.51M$-23.41M$-70.17M$2.28M-$-13.63M$-21.76M$2.17M$2.58M$20.82M$-2.13M$-1.02M$-1.98M$8.84M$-12.73M$1.59M$-1.34M$-130.00K$-789.00K$-785.00K
Avg Forecast$-768.57K$-5.99M$-7.56M$-10.40M$-5.76M$-10.95M$-13.14M$-17.34M$-19.29M$-2.64M$-12.77M$-13.69M$-6.29M$5.18M$-7.18M$-17.75M$-28.94M$4.71M$3.75M$16.36M$12.12M$-1.02M$-4.60M$5.77M$4.65M$8.61M$-1.69M$-231.11K$-16.33M$-654.17K
High Forecast$-738.43K$-5.76M$-7.26M$-9.99M$-5.53M$-4.38M$-12.63M$-16.66M$-16.24M$-2.54M$-12.26M$-13.15M$-6.04M$6.22M$-7.18M$-14.20M$-27.72M$5.65M$4.50M$19.63M$12.96M$-818.30K$-3.68M$6.93M$4.97M$10.33M$-1.36M$-184.89K$-13.07M$-523.33K
Low Forecast$-794.14K$-6.19M$-7.81M$-10.74M$-5.95M$-14.23M$-13.58M$-17.92M$-22.33M$-2.73M$-13.19M$-14.14M$-6.50M$4.15M$-7.18M$-21.29M$-30.94M$3.77M$3.00M$13.09M$11.61M$-1.23M$-5.52M$4.62M$4.45M$6.89M$-2.03M$-277.33K$-19.60M$-785.00K
Surprise %--------0.95%13.63%2.94%1.71%11.15%0.44%-0.77%0.75%0.46%0.69%1.27%-0.18%1.00%0.43%1.53%-2.74%0.19%0.79%0.56%0.05%1.20%

Purple Innovation's average Quarter net income forecast for Dec 22 is $-6.29M, with a range of $-6.50M to $-6.04M. PRPL's average Quarter net income forecast represents a -376.17% decrease compared to the company's last Quarter net income of $2.28M (Sep 22).

Purple Innovation SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18
# Analysts444436347563222364691016910881181815
SG&A--------$61.76M$70.34M$72.82M$61.84M$58.92M$56.17M-$67.85M$94.31M$65.88M$82.31M$68.89M$73.29M$62.29M$48.10M$44.23M$55.61M$40.80M$43.90M$28.58M$30.99M$35.94M
Avg Forecast$60.26M$57.50M$53.90M$52.72M$55.91M$53.63M$53.55M$51.73M$61.65M$67.14M$55.21M$44.39M$60.77M$58.93M$65.98M$89.17M$75.76M$142.99M$119.66M$54.13M$83.10M$54.51M$111.64M$28.89M$50.41M$44.59M$55.61M$50.81M$1.20M$29.95M
High Forecast$61.80M$58.97M$55.28M$54.06M$57.35M$54.98M$54.92M$53.05M$62.92M$68.86M$56.62M$45.52M$62.32M$60.43M$65.98M$107.00M$79.77M$171.59M$143.59M$64.96M$87.51M$65.41M$133.97M$34.67M$53.08M$46.95M$66.73M$60.97M$1.44M$35.94M
Low Forecast$58.44M$55.77M$52.28M$51.13M$54.23M$52.42M$51.94M$50.17M$60.87M$65.11M$53.54M$43.05M$58.93M$57.15M$65.98M$71.34M$73.29M$114.40M$95.73M$43.30M$80.40M$43.61M$89.31M$23.11M$48.76M$43.14M$44.49M$40.65M$959.50K$23.96M
Surprise %--------1.00%1.05%1.32%1.39%0.97%0.95%-0.76%1.24%0.46%0.69%1.27%0.88%1.14%0.43%1.53%1.10%0.91%0.79%0.56%25.84%1.20%

Purple Innovation's average Quarter SG&A projection for Mar 24 is $51.73M, based on 4 Wall Street analysts, with a range of $50.17M to $53.05M. The forecast indicates a -16.25% fall compared to PRPL last annual SG&A of $61.76M (Dec 23).

Purple Innovation EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18
# Analysts444436347563222364691016910881181815
EPS--------$-0.17$-0.34$-0.36$-0.24$-0.77$0.03-$-0.20$-0.33$0.03$0.04$0.32$-0.04$-1.97$-0.20$0.88$-0.89$-0.11$-0.75$-0.67$-0.20$-0.20
Avg Forecast$-0.01$-0.06$-0.07$-0.10$-0.05$-0.10$-0.12$-0.16$-0.18$-0.02$-0.12$-0.13$-0.06$-0.07$-0.07$-0.35$-0.27$0.15$0.13$0.12$0.11$0.24$0.11$0.04$0.04$0.02$-0.27$-0.81$-0.41$-0.05
High Forecast$-0.01$-0.05$-0.07$-0.09$-0.05$-0.04$-0.12$-0.15$-0.15$-0.02$-0.11$-0.12$-0.06$-0.07$-0.07$-0.33$-0.26$0.16$0.13$0.13$0.12$0.26$0.12$0.04$0.05$0.02$-0.26$-0.78$-0.33$-0.04
Low Forecast$-0.01$-0.06$-0.07$-0.10$-0.06$-0.13$-0.13$-0.17$-0.21$-0.03$-0.12$-0.13$-0.06$-0.07$-0.07$-0.37$-0.29$0.14$0.12$0.12$0.11$0.23$0.10$0.04$0.04$0.02$-0.29$-0.87$-0.50$-0.06
Surprise %--------0.95%13.87%3.04%1.89%13.19%-0.44%-0.58%1.21%0.20%0.32%2.65%-0.31%-8.13%-1.85%23.17%-20.23%-5.50%2.78%0.83%0.49%4.00%

According to 2 Wall Street analysts, Purple Innovation's projected average Quarter EPS for Dec 22 is $-0.06, with a low estimate of $-0.06 and a high estimate of $-0.06. This represents a -294.57% decrease compared to PRPL previous annual EPS of $0.03 (Sep 22).

Purple Innovation Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PRPLPurple Innovation$1.05$2.87173.33%Hold
LCUTLifetime Brands$6.65$13.50103.01%-
LEGLeggett & Platt$13.16$23.3377.28%Sell
MBCMasterBrand$17.79$20.0012.42%Buy
MHKMohawk Industries$156.61$161.643.21%Hold
ETDEthan Allen Interiors$32.14$33.002.68%Hold
AMWDAmerican Woodmark$92.56$91.50-1.15%Hold
TPXTempur Sealy$52.97$50.00-5.61%Buy
SNBRSleep Number$19.59$13.00-33.64%Hold

PRPL Forecast FAQ


No, according to 4 Wall Street analysts, Purple Innovation (PRPL) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 25.00% of PRPL's total ratings.

Purple Innovation (PRPL) average price target is $2.87 with a range of $1.1 to $6, implying a 173.33% from its last price of $1.05. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PRPL stock, the company can go up by 173.33% (from the last price of $1.05 to the average price target of $2.87), up by 471.43% based on the highest stock price target, and up by 4.76% based on the lowest stock price target.

PRPL's average twelve months analyst stock price target of $2.87 supports the claim that Purple Innovation can reach $2 in the near future.

1 Wall Street analyst forecast a $1.1 price target for Purple Innovation (PRPL) this month, up 4.76% from its last price of $1.05. Compared to the last 3 and 12 months, the average price target increased by 38.10% and increased by 51.43%, respectively.

Purple Innovation's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $507.25M (high $520.18M, low $492.91M), average EBITDA is $18.85M (high $19.33M, low $18.32M), average net income is $-47.188M (high $-39.199M, low $-51.678M), average SG&A $214.83M (high $220.3M, low $208.75M), and average EPS is $-0.438 (high $-0.364, low $-0.479). PRPL's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $529.82M (high $543.38M, low $513.84M), average EBITDA is $19.69M (high $20.19M, low $19.1M), average net income is $-24.717M (high $-23.748M, low $-25.539M), average SG&A $224.38M (high $230.13M, low $217.61M), and average EPS is $-0.229 (high $-0.22, low $-0.237).

Based on Purple Innovation's last annual report (Dec 2023), the company's revenue was $510.54M, which missed the average analysts forecast of $539.26M by -5.33%. Apple's EBITDA was $-114M, missing the average prediction of $20.04M by -667.40%. The company's net income was $-121M, beating the average estimation of $-48.384M by 149.58%. Apple's SG&A was $266.76M, beating the average forecast of $228.38M by 16.80%. Lastly, the company's EPS was $-1.16, beating the average prediction of $-0.449 by 158.40%. In terms of the last quarterly report (Dec 2023), Purple Innovation's revenue was $145.94M, beating the average analysts' forecast of $145.57M by 0.25%. The company's EBITDA was $-16.196M, missing the average prediction of $5.41M by -399.39%. Purple Innovation's net income was $-18.333M, missing the average estimation of $-19.288M by -4.95%. The company's SG&A was $61.76M, beating the average forecast of $61.65M by 0.19%. Lastly, the company's EPS was $-0.17, missing the average prediction of $-0.179 by -5.01%